Biomethane Market - Industry analysis, Trends, Estimation & Forecast, 2016 - 2024

November 2017

 ERC 9744

Biomethane is a naturally occurring gas produced by anaerobic digestion of organic matter like plant & animal wastes, manure, sewage sludge, and other organic matter. Thus it has emerged out as a renewable source of energy produced worldwide. Biomethane or Renewable natural gas (RNG) is a pipeline quality gas which is interchangeable with conventional gas. It can be used as a 100% substitute for, or blended with conventional gas streams for use in automobiles. The developed nations of the world are diversifying their energy demand with more renewable sources. The Climate Change Conference held in Paris is one of the major reason for the nations to include more of renewable sources and cleaner fuel options in their energy mix. Though the global biomethane market has not reached its highest peak, it does promise to show a steady rise in its growth.

Biomethane Market Determinants

The key factor driving the growth of global biomethane market is the negative impact of conventional fuels on the environment such as harmful carbon emissions and global warming. Such negative impacts and the continuous depletion of fossil reserves has led to the increase in usage of biomethane as an energy source. As per a research done by California Energy Commission, biomethane can reduce GHG emissions by up to 87% compared to conventional petroleum-based fuels. The adoption of biomethane as an alternative fuel, along with the above mentioned factors are driving the global biomethane market. Whereas, the requirement to meet the gas quality standards in international trade, low power output for industries, and high investment costs act as the major hurdles in the growth of the market. However, surging environmental concerns along with increasing government initiatives are expected to create huge opportunities for the growth of market in the coming years.

Biomethane Market Segment Analysis

The global biomethane market is segmented on the basis of feedstock source, production method, application, and geography. By feedstock source, the market is segmented into organic household waste, energy crops, agricultural waste, animal manure, sewage sludge, industrial food processing waste, and others. On the basis of production method, the market is segmented into fermentation, and gasification. By application, the market is segmented into automotive, power generation, and others. The automotive sector is expected to offer lucrative opportunities, owing to the significant volume of greenhouse gas emitted by the automobiles. Biomethane stands as an alternative fuel leading to low volume of greenhouse gas emissions. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. In terms of region, Europe is a strong market due to the favorable laws and financial support provided by the government. As per the report released by European Biomass Association, the biomass currently accounts for 2/3 of renewable energy in Europe and bioenergy will play a key role in achieving the ambitious targets approved by the renewable energy directive. Among major European countries, Germany, France and Sweden have high adoption rates of biomethane as an alternative fuel.

Some key vendors in the market are CNG Services Ltd., SGN, Biogas Products Ltd., PlanET Biogas Global GmbH, Future Biogas Ltd., VERBIO, ORBITAL, Magne Gas, Gasrec, Gazasia Ltd., Schmack Carbotech GmbH, EnviTec Biogas AG, SoCalGas, and JV Energen. In April 2017, green gas produced by JV Energen was exported to Europe from UK for the very first time via an interconnector pipeline, to meet the demands of Dutch energy firm Essent.


GLOBAL BIOMETHANE MARKET SEGMENTATION

By Feedstock source

• Organic Household Waste
• Energy Crops
• Agricultural Waste
• Animal Manure
• Sewage Sludge
• Industrial Food Processing Waste
• Others

By Production method

• Fermentation
• Gasification

By Application

• Automotive
• Power Generation
• Others

By Geography

• North America

o U.S.
o Canada
o Mexico

• Europe

o France
o Germany
o Italy
o Spain
o U.K.
o Rest of Europe

• Asia-Pacific

o China
o Japan
o India
o Rest of Asia-Pacific

• Rest of the World

o Brazil
o Middle East
o Africa

KEY MARKET PLAYERS

• CNG Services Ltd.
• SGN
• Biogas Products Ltd.
• PlanET Biogas Global GmbH
• Future Biogas Ltd.
• VERBIO
• ORBITAL
• Magne Gas
• Gasrec
• Gazasia Ltd.
• Schmack Carbotech GmbH
• EnviTec Biogas AG
• SoCalGas
• JV Energen

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